114: Why 80% of Budgets Fail Within 3 Months (And What Actually Works Instead)
About this episode
This episode discusses why traditional budgeting fails and offers insights from behavioral economics on effective money management strategies.
If you've tried budgeting and it never seems to stick, I want you to hear this: you are not the problem. That's not just something nice to say. That's behavioral economics. The actual science of how humans make financial decisions tells us that the way most people budget was never going to work in the first place. In this episode, I'm breaking down exactly why willpower is one of the worst tools you can use to manage your money, and what to build instead so your finances actually run without ...
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